TD Cowen analyst Jason Gabelman lowered the firm’s price target on Phillips 66 to $155 from $164 and keeps a Buy rating on the shares. The firm sees upside to the stock even if it does not reach targeted 14B EBITDA; though the market may need to see more stable quarterly performance before embedding improvement in underlying earning s power.
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Read More on PSX:
- Phillips 66 to sell 25% interest in REX to Tallgrass Energy for $1.275B
- Phillips 66 price target lowered to $151 from $170 at Piper Sandler
- Phillips 66 price target lowered to $160 from $163 at Raymond James
- Phillips 66 stock price weakness offers buyin opportunity, says Argus
- Phillips 66 Stock (NYSE:PSX): Poised to Gain from Falling EV Demand
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